Grayscale Ethereum Trust (ETH) Q1 2024 10-Q Filed

Ticker: ETHE · Form: 10-Q · Filed: 2024-05-03T00:00:00.000Z

Sentiment: neutral

Topics: 10-Q, cryptocurrency, ethereum, trust-filing

Related Tickers: ETHE

TL;DR

**Grayscale Ethereum Trust (ETH) Q1 2024 10-Q is in. Holdings and financials updated.**

AI Summary

Grayscale Ethereum Trust (ETH) filed its 10-Q for the period ending March 31, 2024. The filing details the trust's investments in Ethereum, with assets valued at $X.XB as of March 31, 2024. It also provides financial information for the first quarter of 2024 and comparative periods.

Why It Matters

This filing provides crucial financial and operational details for investors in the Grayscale Ethereum Trust, impacting their understanding of the trust's performance and holdings.

Risk Assessment

Risk Level: medium — The value of the trust is directly tied to the volatile price of Ethereum, and it faces regulatory and market risks inherent to cryptocurrency investments.

Key Numbers

Key Players & Entities

FAQ

What was the total value of Grayscale Ethereum Trust's Ethereum holdings as of March 31, 2024?

The filing indicates the trust's investment in Ethereum, with specific fair value amounts for Level 1, Level 2, and Level 3 inputs as of March 31, 2024, contributing to the overall asset value.

What are the key financial periods covered by this 10-Q filing?

This 10-Q covers the first quarter of 2024 (January 1, 2024 to March 31, 2024) and includes comparative data for the same period in 2023, as well as year-end data for 2023 and 2022.

Who is identified as the sponsor of the Grayscale Ethereum Trust?

The filing mentions 'ethe:SponsorMember' and 'ethe:SponsorParentMember' in relation to Coinbase Incorporation, indicating their role as sponsor.

Are there any specific expense categories mentioned for the trust?

Yes, the filing references 'NonSponsorPaidExpensesMember' for the period of January 1, 2024, to March 31, 2024.

What is the former name of the Grayscale Ethereum Trust?

The trust was formerly known as Ethereum Investment Trust, with a name change date of December 12, 2017.

From the Filing

0001193125-24-130897.txt : 20240503 0001193125-24-130897.hdr.sgml : 20240503 20240503172313 ACCESSION NUMBER: 0001193125-24-130897 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 51 CONFORMED PERIOD OF REPORT: 20240331 FILED AS OF DATE: 20240503 DATE AS OF CHANGE: 20240503 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Grayscale Ethereum Trust (ETH) CENTRAL INDEX KEY: 0001725210 STANDARD INDUSTRIAL CLASSIFICATION: [6221] ORGANIZATION NAME: 09 Crypto Assets IRS NUMBER: 826677805 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 000-56193 FILM NUMBER: 24914514 BUSINESS ADDRESS: STREET 1: 290 HARBOR DRIVE STREET 2: 4TH FLOOR CITY: STAMFORD STATE: CT ZIP: 06902 BUSINESS PHONE: 212 668 1427 MAIL ADDRESS: STREET 1: 290 HARBOR DRIVE STREET 2: 4TH FLOOR CITY: STAMFORD STATE: CT ZIP: 06902 FORMER COMPANY: FORMER CONFORMED NAME: Ethereum Investment Trust DATE OF NAME CHANGE: 20171212 10-Q 1 d812441d10q.htm 10-Q 10-Q Table of Contents false Q1 --12-31 0001725210 0001725210 2024-03-31 0001725210 2023-12-31 0001725210 2024-01-01 2024-03-31 0001725210 2023-01-01 2023-03-31 0001725210 2023-01-01 2023-12-31 0001725210 2024-04-30 0001725210 2022-12-31 0001725210 2023-03-31 0001725210 ethe:InvestmentInEthereumMember 2023-12-31 0001725210 us-gaap:FairValueInputsLevel1Member 2023-12-31 0001725210 us-gaap:FairValueInputsLevel2Member 2023-12-31 0001725210 us-gaap:FairValueInputsLevel3Member 2023-12-31 0001725210 ethe:InvestmentInEthereumMember 2024-03-31 0001725210 us-gaap:FairValueInputsLevel1Member 2024-03-31 0001725210 us-gaap:FairValueInputsLevel2Member 2024-03-31 0001725210 us-gaap:FairValueInputsLevel3Member 2024-03-31 0001725210 ethe:CoinbaseIncorporationMember ethe:SponsorParentMember 2024-03-31 0001725210 ethe:SponsorMember 2024-01-01 2024-03-31 0001725210 srt:MaximumMember ethe:SponsorMember 2024-01-01 2024-03-31 0001725210 srt:MinimumMember ethe:NonSponsorPaidExpensesMember 2024-01-01 2024-03-31 0001725210 ethe:SponsorMember 2023-01-01 2023-03-31 0001725210 ethe:DigitalCurrencyGroupIncMember 2022-03-02 0001725210 ethe:DigitalCurrencyGroupIncMember 2022-03-02 2024-03-31 0001725210 us-gaap:SubsequentEventMember 2024-04-30 0001725210 us-gaap:SubsequentEventMember 2024-04-30 2024-04-30 iso4217:USD xbrli:shares xbrli:pure ethe:Ethereum iso4217:USD xbrli:shares ethe:Right     UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549     FORM 10-Q       ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31 , 2024 or   ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from    to      Commission File Number 000-56193     Grayscale Ethereum Trust (ETH) SPONSORED BY GRAYSCALE INVESTMENTS, LLC (Exact Name of Registrant as Specified in Its Charter)       Delaware   82-6677805 (State or Other Jurisdiction of Incorporation or Organization)   (I.R.S. Employer Identification No.) c/o Grayscale Investments, LLC 290 Harbor Drive , 4 th Floor Stamford , Connecticut 06902 (Address of Principal Executive Offices) (Zip Code) ( 212 ) 668-1427 (Registrant’s telephone number, including area code) Securities registered pursuant to Section 12(g) of the Act:       Title of each class:   Trading Symbol(s)   Name of each exchange on which registered: Grayscale Ethereum Trust (ETH) Shares   ETHE   N/A Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.  Yes  ☒&

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